Amortization Schedule

Amount of Loan
Annual Interest Rate (in percent)
Length of Loan (in months)

Total Payments
$1,066.19
Total Interest
$66.19
Number of Monthly Payments
12
Monthly Payment
$88.85
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,000.00$10.00$78.85$921.15$10.00$88.85
2$921.15$9.21$79.64$841.51$19.21$177.70
3$841.51$8.42$80.43$761.08$27.63$266.55
4$761.08$7.61$81.24$679.84$35.24$355.40
5$679.84$6.80$82.05$597.79$42.04$444.24
6$597.79$5.98$82.87$514.92$48.01$533.09
7$514.92$5.15$83.70$431.22$53.16$621.94
8$431.22$4.31$84.54$346.68$57.48$710.79
9$346.68$3.47$85.38$261.30$60.94$799.64
10$261.30$2.61$86.24$175.07$63.56$888.49
11$175.07$1.75$87.10$87.97$65.31$977.34
12$87.97$0.88$87.97$0.00$66.19$1,066.19